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5900 Nevin Rd

1 - 3.45 Acre Commercial Land Lots Offered at $1,417,470 - $3,827,169 CAD Per Lot in Charlotte, NC 28262

Investment Highlights

  • 15 mins to uptown Charlotte.
  • Utilities infrastructure is in close proximity.

Executive Summary

Immediate turn-key opportunity for developers! All land development permits have been acquired! Rare multifamily development opportunity offering 4.45 Acres of land and approved for 77 units at a prime location. Walking distance to the future RED Line Light Rail (Derita Station)! 1616 ft of frontage on Nevin Road. Utilities infrastructure is in close proximity, making utility connections more convenient and cost-effective. 15 mins to uptown Charlotte, 10 mins to the University City and 5 mins to Charlotte's premier research park, home to multiple Fortune 500 companies, including IBM, Duke Energy, AT&T, etc. With the increasing demand for multi-family housing options in Charlotte, this property presents a remarkable opportunity to meet the needs of a growing market. The sales price includes 2 parcels: 043-202-01 (5900 Nevin Rd) & 043-202-13 (6112 Rockwell Church Rd).

Property Facts

Price $1,417,470 - $5,244,639 CAD
Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 4.45 AC

2 Lots Available

Lot 1

Price $3,827,169 CAD
Price Per AC $1,109,324 CAD
Lot Size 3.45 AC

3.45 Acres of land at a prime location. The parcel has been rezoned to multifamily use and is approved for 60 units.

Lot 2

Price $1,417,470 CAD
Price Per AC $1,417,470 CAD
Lot Size 1.00 AC

1 Acres of land at a prime location. The parcel has been rezoned to multifamily use and is approved for 17 units.

Description

Turnkey multifamily development opportunity offering 4.45 Acres of land at a prime location. Featuring 1616 ft of frontage on Nevin Road, this two-parcel assembly has already been rezoned to multifamily use and is approved for 77 units. The project is in the final stages of land development permitting, presenting an immediate turn-key opportunity for developers. Utilities infrastructure is in close proximity, making utility connections more convenient and cost-effective. 15 mins to uptown Charlotte, 10 mins to the University City and 5 mins to Charlotte's premier research park, home to multiple Fortune 500 companies, including IBM, Duke Energy, AT&T, etc. With the increasing demand for multi-family housing options in Charlotte, this property presents a remarkable opportunity to meet the needs of a growing market. The sales price includes 2 parcels: 043-202-01 (5900 Nevin Rd) & 043-202-13 (6112 Rockwell Church Rd).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
043-202-13
Land Assessment
$434,029 CAD
Improvements Assessment
$0 CAD
Total Assessment
$434,029 CAD

zoning

Zoning Code RM-17 (Multifamily)
RM-17 (Multifamily)
  • Listing ID: 29043008

  • Date on Market: 2023-07-19

  • Last Updated:

  • Address: 5900 Nevin Rd, Charlotte, NC 28262

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